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Deductions & credits
When you go through the questions regarding your original mortgage, the program asks you "Was this loan paid off or refinanced with a different lender in 2019?" You would say yes to this question and then finish the remainder of the questions in this first 1098. It was technically paid off by the second mortgage servicer to the first servicer for the rights to service your mortgage.
- Now add the second 1098. go through the questions and when it asks if Is this loan a home equity line of credit or a loan you've ever refinanced? Indicate no that it is the original loan used to buy or build your home.
- This will show that his is not really an additional loan on the property. it's a original loan serviced by a different servicer.
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March 15, 2020
2:54 PM